Zichron Chaim Charity
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
F
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Low
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
100%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 100 cents are available for programs.
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OVERVIEW
About Zichron Chaim Charity:
Zichron Chaim Charity is a 0-star charity. It is not financially transparent, does not report its overhead spending, and does not have audited financial statements nor a website. Read Charity Intelligence's report before you give.
As per its CRA filing, Zichron Chaim Charity (ZCC) provides poverty relief and adult education. The charity spent $20.4m on programs in 2021; however, it is unclear what programs it operates. ZCC does not have a website or publicly available information about its programs online. The most recent information available with the CRA is from 2021.
In its 2021 CRA T3010 filing, Zichron Chaim Charity reported transferring $17.7m to Rabbi Jacob Gutman in the United States and $2.6m to David Mueller in Israel. In 2020, ZCC transferred $16.1m to Rabbi Jacob Gutman and $729k to David Mueller. It is unclear what connection these individuals have to ZCC.
In 2021, ZCC granted $1.3m to 24 registered charities and qualified donees. The charity’s largest grant was to Kupath Torah V'Chesed ($897k), for which information cannot be found online. ZCC’s grant to Kupath Torah V'Chesed represents 67% of its total grants.
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Results and Impact
Zichron Chaim Charity does not have a website or publicly available information about its results and impact online.
Charity Intelligence has given Zichron Chaim Charity a Low impact rating based on demonstrated impact per dollar spent.
Impact Rating: Low
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Finances
Financial analysis was based on the charity’s most recent CRA T3010 filings and its F2021 and F2020 notice to reader, which are unaudited and unreviewed. Zichron Chaim Charity had total donations of $22.8m in F2021. The Charities Directorate of Canada recommends every charity with over $250k in donations have audited financial statements. Ci recommends that donors seek additional information on this charity before donating.
In F2021, administrative costs were less than 1% of revenues, and the charity did not report fundraising costs. This results in total overhead spending of less than 1%. For every dollar donated, 100 cents go to the cause. This is outside Ci’s reasonable range for overhead spending, as overhead spending at this level is extremely rare and often means the charity has not reported properly. In F2021, the charity had $2.0m in reserve funds (cash and investments), which could cover 9% of annual program costs.
The charity did not disclose salary information in its CRA filings.
This charity report is an update that has been sent to Zichron Chaim Charity for review. Changes and edits may be forthcoming.
Updated on July 25, 2023, by Sydney Olexa.
Financial Review
Fiscal year ending December
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 0.1% | 0.1% | 0.1% |
| Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
| Total overhead spending | 0.1% | 0.1% | 0.1% |
| Program cost coverage (%) | 9.2% | 5.4% | 6.1% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 22,806 | 19,277 | 23,393 |
| Total revenues | 22,806 | 19,277 | 23,393 |
| Program costs | 20,430 | 18,746 | 21,445 |
| Grants | 1,344 | 832 | 1,211 |
| Administrative costs | 24 | 20 | 25 |
| Fundraising costs | 0 | 0 | 0 |
| Total spending | 21,798 | 19,598 | 22,681 |
| Cash flow from operations | 1,009 | (321) | 712 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 2,005 | 1,063 | 1,390 |
Note: Financial statements are not audited. F2019 financial information was reported from the charity's T3010 filings with the CRA.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F0
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Comments & Contact
Comments added by the Charity:
Charity Contact
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